Twilio shares jumps another 10%: Can the rally last?


The San Francisco-based cloud communications platform Twilio (NYSE: TWLO) shares jumped more than 10% in the pre-market trading on Thursday and climbed to a fresh all-time high of $457.30. The recent rally boosted by the better-than-expected fourth-quarter revenue and earnings results.

  • Earnings per share (EPS) $.4 vs. -$.8 expected
  • Revenue $548.1 Million vs. $454.8 Million expected

“Twilio’s total revenue growth of 65% year-on-year in the fourth quarter continued the strength and momentum we’ve seen over an extraordinary year,” – CEO Jeff Lawson said.

The company also benefited from strong customer growth. At the end of the last quarter, Twilio had more than 221,000 active customers, an increase of 23% over the previous year.

Can the rally last?

Over the last 3 years, the stock increased by 1300% and during the past fifty-two weeks, the price has risen as high as $457.30 and fallen to a low of $68.06. In 2020, TWLO’s stock has gained more than 250%.

Technically the overall momentum remains bullish throughout the last couple of weeks. The stock closed on Thursday at $443.49. In the short term if the stock holds above $400 the next upside target at $480 and $500. On the other side, if the price break and close below $400, the next immediate support to watch $350 and then $330.

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Nice, what’s your entry price/stop/target?

Thats a really nice uptrend. On a technical basis it would take a lot to break the uptrend but stocks are more vulnerable to fundamentals. So i would be keeping a close eye on this